SPLN News

SportsLine.com, Inc. Announces Acquisition Proposal by Viacom Inc.
THURSDAY, JULY 01, 2004 7:36 AM
- PR Newswire

SPLN
1.63 +0.55


FORT LAUDERDALE, Fla., Jul 1, 2004 (PRNewswire-FirstCall via COMTEX) -- SportsLine.com, Inc. , a leading Internet sports media company and publisher of CBS SportsLine.com (http://cbs.sportsline.com/), today announced that Viacom Inc. has made a proposal to SportsLine.com's Board of Directors to acquire all of SportsLine.com's common stock it does not already own at a purchase price of $1.50 per share in cash. Viacom's proposal is subject to, among other things, completion of its due diligence and negotiation of a mutually acceptable definitive merger agreement. Viacom currently is the beneficial owner of approximately 38% of SportsLine.com's outstanding common stock.


A special committee of SportsLine.com's Board of Directors, formed to evaluate strategic alternatives for the Company, will consider and evaluate Viacom's proposal. Perseus Group, an independent investment bank, is advising the special committee in connection with Viacom's proposal and other strategic alternatives.

In connection with Viacom's proposal, SportsLine.com and CBS Broadcasting Inc. amended their agreement pursuant to which SportsLine.com operates its flagship Web site, CBS SportsLine.com. Pursuant to the amendment, CBS and SportsLine.com agreed to defer until August 1, 2004 the payment to CBS of cash and additional shares of SportsLine.com common stock that would otherwise have been due on July 1, 2004 in order to provide the special committee with additional time to evaluate strategic alternatives. The fair market value of the stock to be issued to CBS on August 1, 2004 will be determined based on the closing price of SportsLine.com's common stock for the five-day period ending on and including July 30, 2004. No other provisions of the agreement were modified.

Neither SportsLine.com nor its management has entered into any agreement with respect to Viacom's proposal, and there can be no assurances that a definitive agreement will be reached.

About SportsLine.com, Inc.

SportsLine.com is at the leading edge of media companies providing Internet sports content, community and e-commerce. As the publisher of CBS SportsLine.com and the official Web sites of the NFL, PGA TOUR and NCAA Sports, the Company serves as one of the most comprehensive sports information sources available, containing an unmatched breadth and depth of multimedia sports news, information, entertainment and merchandise.

Note: This press release contains forward-looking statements, which involve risks and uncertainties. SportsLine.com's actual results could differ materially from those anticipated in these forward-looking statements. Factors that might cause or contribute to such differences include, among others, competitive pressures, dependence on advertising revenues, which are difficult to forecast, the growth rate of the Internet, constantly changing technology and market acceptance of the Company's products and services. In addition to these risks, the Company's business and results of operations may be materially adversely affected by the outcome of the pending class action securities litigation. Investors are also directed to consider the other risks and uncertainties discussed in SportsLine.com's Securities and Exchange Commission filings, including those discussed under the caption "Risk Factors That May Affect Future Results" in SportsLine.com's latest Annual Report on Form 10-K. SportsLine.com undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE SportsLine.com, Inc.

Than you should double pray for me. Please. Lol

AETC

ICGC

EGMI 1.02

SPDE 2.41

Oilbaron where do you see USTT going. Holding a few shares.Tha.

Agreed, and we WILL party!

I think she will come around. A little patience and nurturing. LOL. Holding some for long and some for trading. Mostly long. You can"t go wrong from here. I know "never say never", but this has much going for it as you and others have pointed out. Just a gutt feeling, but look at it in 4 to 6 months and both you and I will be very happy. And trade it when you can for the extra bank..

A lot of missing photos, hope they will fit that soon.

I think you should see a marriage counsler before you divorce
her. I'm sure she will change to give you satisfaction in every way. LOL

Did not, been out of town, got in late last nite.So no bank on that one.

Thx. Leaving for Chicago but will check posts whem I get back Tuesday.Sorry to miss.

Iagree.

ICH looks like its in the same mode as the other two looking for an upturn.

Nice to hear. Gap tomorrow AM.

PITX and AEZS both look like they are turning around just need some volume.JMO

Todays comparison!
NFLX
http://www.alexa.com/data/details/traffic_details?url=netflix.com

GZFX
http://www.alexa.com/data/details/traffic_details?&range=6m&size=medium&url=gameznflix.c...

Here is a comparison!

Hit me one more time.

Looks interesting, but do you have any clue as to why the sudden drop in price especially with the news.

MIVT

Please! lol

GZFX back on track.

bbilly I'll take you to this party.

.169x.17

All indicators pointing up.

USTT News.

USA Technologies Reports Second Consecutive Quarter of Record e-Port(R) Sales
Wednesday June 16, 8:32 am ET


MALVERN, Pa., June 16 /PRNewswire-FirstCall/ -- USA Technologies (OTC Bulletin Board: USTT - News) today announced preliminary e-Port sales results that point to a second consecutive record quarter for the Company's fiscal fourth quarter ending June 30, 2004. This dramatic increase in sales of its flagship e-Port® cashless transaction solution and network services comes on the heels of a 125% increase last quarter.
So far in the June quarter, USA Technologies has shipped a record number of e-Ports to 39 vending operators and bottlers. Twenty-seven were repeat customers, and 12 were new. The Company has now deployed e-Port services to a total of 215 vending operators and bottlers in 41 states.

"We are delighted to report that there has been a significant upswing in cashless vending, with more bottlers and operators realizing that cashless vending is generating new revenue streams, and providing consumers with greater convenience," said Stephen P. Herbert, President and COO of USA Technologies. "Particularly pleasing is that 27 customers have come back to USA Technologies this quarter for additional e-Port goods and services."

"The record number of e-Port sales has been driven by vending operators beginning to realize for themselves that cashless vending gives them financial and competitive advantages, along with greater efficiencies and convenience," said Mr. Herbert. "They are seeing increased usage, more revenue, and consumers are delighted with the convenience."

Credit and debit card usage in America is now more popular than using cash, and USA Technologies expects to strengthen its dominance of the cashless market with new product and service offerings scheduled for release later in the year.

USA Technologies also reported accelerating growth in its other core markets that benefit from its ability to enable everyday commercial machines to accept credit cards and other forms of cashless transactions. These include commercial laundry (washers and dryers), office equipment for hotel business centers and the recently announced and fast growing segment of self-service kiosks.

The Company expects that demand and sales in each of its core markets will lead the Company to a strong finish for its fiscal year ending June 30. This activity, along with new offerings in the pipeline could set the stage for an outstanding 2005 fiscal year beginning July 1.

About USA Technologies:

USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash/mobile commerce systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner and an inaugural member of the Sprint Enabling Application Service Provider Program for e-commerce. The Company has marketing agreements with the Sprint, Motient, MEI, Kinko's and the ZiLOG Corporation. http://www.usatech.com

CORV news.

AirTran Airways Soars With Broadwing Communications
Wednesday June 16, 8:59 am ET
Award-Winning IP Backbone Enables On-Line Reservations and Check-In for Airline


AUSTIN, Texas--(BUSINESS WIRE)--June 16, 2004--Broadwing Communications, LLC, a consolidated subsidiary of Corvis Corporation (Nasdaq:CORV - News), today announced that it has signed an agreement to provide communications services to AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE:AAI - News) and one of America's largest low-fare airlines.
Under terms of the five-year contract, AirTran Airways will be utilizing Broadwing's award-winning IP backbone and all-optical network for connectivity for their on-line airline reservations, on-line check-in, and Internet connectivity. In addition, AirTran Airways will be using Broadwing's ATM and Frame Relay networks to transport data from their headquarters in Atlanta to their hub locations across the United States.

"Broadwing's quick provisioning time, excellent customer service, cost-effective solutions and network performance were winning factors in our decision to work with Broadwing," said Rocky B. Wiggins, vice president and CIO at AirTran Airways. "Knowing that Broadwing's network has been specifically tailored to provide low latency connectivity for Internet-based applications gives us confidence that our customers will have a positive on-line experience, whenever and wherever they want to make travel plans."

"We look forward to supporting AirTran Airways with state-of-the-art services as they continue to expand their business," said Richard Putt, president of National Accounts at Broadwing. "Our one-of-a-kind all-optical network architecture is uniquely suited for on-line applications such as travel planning, financial transactions, shopping and gaming which require assured reliability and completion of transactions."

AirTran Airways is one of America's largest low-fare airlines -- employing more than 5,600 professional crew members and operating over 500 flights a day to 45 destinations. The airline's hub is at Hartsfield-Jackson Atlanta International Airport, the world's busiest airport by passenger volume, where it is the second-largest carrier operating 197 flights per day. AirTran Airways is the world's largest operator of the Boeing 717 and has the youngest all-Boeing fleet of any airline.

Investor Note Regarding Forward-Looking Statements

Statements in this press release regarding Broadwing Communications, LLC that are not statements of historical fact may include forward-looking statements, and statements regarding Broadwing Communications' beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Broadwing Communications' actual results could differ materially from these statements.

Corvis and its logo are the property of Corvis Corporation. Broadwing and its logo are the property of Broadwing Communications, LLC. All other trademarks are the property of their respective owners.

About Broadwing

Broadwing Communications, LLC is an innovative provider of data, voice, and video solutions to enterprise, strategic service provider, mid-market and government customers. Enabled by its one-of-a-kind, all-optical network and award-winning IP backbone, Broadwing offers a full suite of the highest quality communications products and services, with unparalleled customer focus and speed. Broadwing is a consolidated subsidiary of Corvis Corporation, a leading supplier of all-optical solutions to service providers and government agencies. For more information, visit www.broadwing.com.

http://www.freep.com/

They are parting in the streets here!

Hey bbilly can you see me in the crowd.

[

They're partying in the streets.

PAYDAY

Congrats PISTONS!

Do you believe it!!!!!!!!!!!!

wow!

You beat me!

Hello anybody home.Oh,I forgot everyone is watching the game.

Yea,thats like me paying .19.